2 Hour TimeFrames Bearish,will the market Bounce?

 Almost all of the indices's have Confirmed Sell signals on the 2 Hour Chart Time Frame. I've choose to show the DOW 2 Hour and Daily Charts.
 The RED dotted line on top of the charts are the Probable targets for testing. If prices continue to drop after that then the Daily will Target the Blue line, then the bottom red line on the Daily.

I've come to that conclusion by relying that this is First sub-wave -iv- retrace and One more Hi will be a Intermediate Top (wave (III)). IF Correct Price will Reverse around the first red line area and continue up.(DAILY) Note the Lagging Line
(green) and the area of confirmation.
 Also we should develop Divergence on
the oscillators.